23697 Stonehenge BlvdNoviMI48375
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow23697 Stonehenge Blvd, Novi, MI, 48375 in Novi is a solid income-producing rental, 12.34% gross yield, $2,057/mo rent, $373/mo net cash flow on a $200,000 buy. DSCR 2.29 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $55,256 and $1,842/yr in principal reduction project a total cumulative return of $101,807.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 6.1% |
| Monthly Cash Flow | $373 | $1,200 |
City averages based on Novi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,057 |
| Total Monthly Debt Service | $1,604 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
34.43 Acres lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48375, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,826 (100%) |
| Owner Occupied HU | 6,602 (67.2%) |
| Renter Occupied HU | 2,777 (28.3%) |
| Vacant Housing Units | 447 ( 4.5%) |
| Median Home Value | $379,223 |
| Average Home Value | $408,715 |
Housing Distribution
Address Breakdown
Residential
9,696
Single Family
8,824
Multi-Family
872
Businesses
1,150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1978
34.43 Acres lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48375, Novi, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,826 (100%) |
| Owner Occupied HU | 6,602 (67.2%) |
| Renter Occupied HU | 2,777 (28.3%) |
| Vacant Housing Units | 447 ( 4.5%) |
| Median Home Value | $379,223 |
| Average Home Value | $408,715 |
Housing Distribution
Address Breakdown
Residential
9,696
Single Family
8,824
Multi-Family
872
Businesses
1,150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
